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20120901
20120930
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Search Results 0 to 6 of about 7
PBS
Sep 6, 2012 7:00pm EDT
to restore confidence in the u.s. economy. stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm
PBS
Sep 10, 2012 7:00pm EDT
the strike is testing reforms endorsed by the obama administration. >> reporter: chicago public school teachers pounded the pavement all day before the city's board of education headquarters. most wouldn't talk about their contract dispute with the city, but one supportive spouse did. >> they deserve whatever they need to teach our children. it's just pretty sad that it has to get to this extent. >> reporter: while wages and benefits are an issue with the nearly 30,000 educators-- an even bigger one concerns how mayor rahm emmanuel wants to evaluate them. the mayor is backing an obama administration policy that evaluates instructors based on student test scores. the teachers argue the broader community and families also influence learning. labor expert robert bruno says the teachers see current plan as an attack on public education. >> so from their perspective they're not just bargaining some narrow bread and butter issues, but they're looking at the collective bargaining process as a way to truly transform in a dramatic way what public education can and should be. >> reporter: mayor
PBS
Sep 28, 2012 7:00pm EDT
have to build that into our model and say that's not going to change. so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i
PBS
Sep 7, 2012 7:00pm EDT
are 90% president obama will hold on to the white house. whereas historically if the market is down between now and election day, the odds are in favor of romney and the republicans taking over. >> it seems like the campaign is watching the s&p 500 as much as the market. >> and what about the volatility twb now and 2013. fi. there's anything certain about the fiscal klich is nothing will be done between now and election day. but historically, there will be some kind of a compromise that lessens the risk of the fiscal cliff. nonetheless, the next four months are critical, the most critical of the bull market. technical strength in leadership and bellwethers. it's all solid, and the technical strength is in place, but cracks are in the foundation in leading economics. >> last week, all of the declines coming in expectations. if that level is off between now and year end, fine, the market will stabilize and perhaps continue higher. if this is the start of a decline in consumer confidence and it continues falling later this month and in october, it's going to be very difficult for the f
PBS
Sep 11, 2012 7:00pm EDT
expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among those, i think mankiw would be the most activist and taylor would be the least activist. mankiw would perhaps be the most likely to consider q.e. right now; taylor would be opposed. >> reporter: taylor has criticized bernanke for the fed's aggressive bond buying and is considered an inflation hawk. while hawks may be popular during an election, actually picking one for fed chairman may not sit well with a new president concerned about boosting growth. for his part, hubbard has given few signals about monetary policy, though he
PBS
Sep 13, 2012 7:00pm EDT
obama's poor economy. some economists argue bernanke is risking another outburst of inflation when the economy turns around. bernanke says the fed's research shows that's a manageable concern. the bigger fear he sees is that the economy will stumble along indefinitely. >> we're not going to be premature in removing policy accommodation. even after the economy starts to recover more quickly, even after the unemployment rate starts to move down decisively, we're not going to rush to tighten policy. we're going to give it some time to make sure the recovery is well-established. >> reporter: bernanke says businesses will also be more willing to spend and invest if they know the federal reserve is fully committed to getting the economy moving again. darren gersh, nbr, washington. >> susie: joining us now with more analysis, randall kroszner, former governor of the federal reserve, and now professor at the university of chicago booth school of business. randy so, great to have you on this important day to get your take on the fed. tell me, do you think that the fed did the right thing if
PBS
Sep 18, 2012 7:00pm EDT
magazine mother jones. in his comments, romney described supporters of president obama as "dependent upon the government." >> there are 47% of the people who will vote for the president no matter what. all right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name- it. that-- that's an entitlement, and the government should give it to them. and they will vote for this president no matter what. >> tom: now, late last night, romney said his comments were about the political process of attracting voters. >> of course, individuals are going to take responsibility for their lives. my campaign is about helping people take more responsibility and becoming employed again, particularly those who don't have-- don't have work. this whole campaign is focused on getting people jobs again, putting people back to work. >> tom: the number romney used in his fundraising comments, 47%, may have come from this
Search Results 0 to 6 of about 7